Blackstone Inc., a global investment firm, plans to expand its presence in India's private equity market by investing an additional $25 billion over the next five years. This move reflects India's growing attractiveness to international investors.
To support its expansion, Blackstone intends to hire 20 additional investment professionals and double its office space in Mumbai. The firm's head of private equity in Asia, Amit Dixit, cited India's stable regulatory environment, economic growth, and buoyant capital market as key factors driving its investment strategy.
digital infrastructure, energy transition, and key areas of transportation. The firm will also explore opportunities in export sectors and electronic manufacturing. Dixit emphasized Blackstone's commitment to building businesses rather than simply acquiring them.
Despite challenges such as poverty, India's growth potential remains significant. Blackstone has already invested approximately $50 billion in private equity and real estate assets in the country, generating the highest returns for the firm globally.
The buoyant Indian stock market provides exit opportunities for funds, although the impact of the depreciating rupee remains uncertain. Dixit acknowledged that the firm will consider this factor in its investment decisions. He also highlighted the increased liquidity and debt availability in the Indian market, which is recognized by Blackstone's investors.